TVS Motor reports Rs 305.37 crore net profit in Q1

TVS Motor Company on Thursday reported a consolidated net profit of Rs 305.37 crore for the first quarter of the financial year 2022-23 (Q1FY23).

Published: 29th July 2022 07:24 AM  |   Last Updated: 29th July 2022 07:24 AM   |  A+A-

TVS

TVS Motor Co. (Photo | PTI)

By Express News Service

NEW DELHI: TVS Motor Company on Thursday reported a consolidated net profit of Rs 305.37 crore for the first quarter of the financial year 2022-23 (Q1FY23). It has posted a loss of Rs 10.55 crore during the same period of FY22.

The Chennai-based two- and three-wheeler major’s revenue from operations was seen at Rs 7,315.7 crore, up 56% from Rs 4,689.34 crore during the same period the previous financial year. On a standalone basis, the company posted a profit after tax of `321 crore as against Rs 53 crore during the first quarter of 2021-22. It posted an EBITDA of Rs 599 crore for FY23 as against Rs 274 crore in FY22. 



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp